Ethereum nears market bottom against Bitcoin, though key signals remain unconfirmed: CryptoQuant
Cointelegraph 2026-07-23 16:26:43
Context: Ethereum's market value is approaching a potential bottom in relation to Bitcoin, with current trading prices falling below its realized price. On-chain indicators suggest that selling pressure is easing and demand is recovering, but a definitive cycle bottom has yet to be confirmed. This development has been analyzed by CryptoQuant, a cryptocurrency data and analytics platform.
Key Facts
- Ether is currently trading below its realized price, a metric that represents the average cost basis of all Ether holders, which can be a significant indicator of market sentiment and potential bottoms.
- On-chain indicators are pointing to easing selling pressure, as evidenced by decreased outflows and increased inflows, suggesting that investors are becoming more optimistic about the market.
- Despite these positive signs, a definitive cycle bottom has yet to emerge, and key signals remain unconfirmed, indicating that the market may still be experiencing volatility and uncertainty.